HeidelbergCement AG, the world’s third largest cement producer, is considering a possible investment in Mozambique and South Africa to respond to growing demand for building materials in Africa, said the group’s chief executive.
Scheifele told financial news agency Bloomberg that demand for cement in Africa had experienced steady growth over the past few years, of about 5 million tons/year, “which is different from what is happening globally.”
The CEO of HeidelbergCement AG spoke in Ouagadougou, capital of Burkina Faso, where he inaugurated a cement plant costing US$50 million and will produce 700,000 tons of cement per year.
In Africa, the German group has investments in Ghana, Benin, Liberia, Tanzania, Sierra Leone, Togo and the Democratic Republic of Congo.
The plant in Burkina Faso will be supplied with raw material from neighbouring Togo, where the German group is building a clinker plant costing US$300 million. (macauhub/MZ)